Right issue of Multipurpose Finance extended till Bhadra 09, 2076; Finance issuing 35.8 lakh unit right shares

Sun, Aug 11, 2019 12:46 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Right issu...

Multipurpose Finance company Limited (MPFL) had opened its issue for 1:8.65 ratio i.e. 35,85,264 units right share to its shareholders from Ashadh 23, 2076. The last date for right shares issue was on Shrawan 26, 2076. However, because of under subscription, the issue has been extended by 15 days till Bhadra 9, 2076.

The book closure date for the issuance of right shares was set on Ashadh 11, 2076 i.e. investors holding shares of the company till Ashadh 10, 2076 are eligible to apply for the offered right shares.

Civil Capital Market Limited has been appointed as the issue manager for the right issuance.

After the issuance of right shares, the paid-up capital of the company which is currently at Rs.4.14 Crore, will reach Rs 40 Crore.

The existing promoter and public shareholders ratio of the company stands at 60:40.